Liu Qingshang had no idea about the Federation of Saint Kitts and Nevis before he attended an emigrationpromotion meeting in Shanghai several months ago. It took him almost five minutes to find the island country in t...Liu Qingshang had no idea about the Federation of Saint Kitts and Nevis before he attended an emigrationpromotion meeting in Shanghai several months ago. It took him almost five minutes to find the island country in the Caribbean Sea on the world map. The owner of his own private business, he has personal wealth of around RMB 800 million （USD 120 million）, making him a target client for the thousands of emigration consulting companies in China.展开更多
Li Ping, the newly appointed direc- tor of the Hefei City Investment and Financing Management Center, is under heavy pressure these days. Her facility is directly supervised by the city＇s government and one of its mo...Li Ping, the newly appointed direc- tor of the Hefei City Investment and Financing Management Center, is under heavy pressure these days. Her facility is directly supervised by the city＇s government and one of its most important responsibilities is to obtain loans, guaranteed by the local government＇s credit, from local commercial financial institutions. Her center also compiles the yearly plan for land sales and land reserves, a major source of the local government＇s revenue for infrastructure construction. But it＇s run into some trouble.展开更多
Before July, Stern Hu was barely known by most Chinese. A graduate from Tsinghua University, his job as chief representative at Australian miner Rio Tinto＇s Shanghai Office was one of the first senior positions held ...Before July, Stern Hu was barely known by most Chinese. A graduate from Tsinghua University, his job as chief representative at Australian miner Rio Tinto＇s Shanghai Office was one of the first senior positions held by a Chinese citizen at a foreign company, though he later switched citizenship to his employer＇s home country. Though most steel industry executives in China either know his name or know him personally, the Chinese public only first got to know him when he was arrested on suspicion of bribery and espionage.展开更多
Aconflict between two Chinese ministries broke out in early November over the management of an online video game, leaving the game＇s operator facing a loss of millions of RMB a day and countless players blocked out o...Aconflict between two Chinese ministries broke out in early November over the management of an online video game, leaving the game＇s operator facing a loss of millions of RMB a day and countless players blocked out of their game accounts.展开更多
Hong-Kong listed Neo-China Land Group （中新地产集团） narrowly escaped immediate bankruptcy on May 13, after the company＇s bond- holders accepted their arrangement to buy back HKD 1.1 billion （USD 142 million） of ...Hong-Kong listed Neo-China Land Group （中新地产集团） narrowly escaped immediate bankruptcy on May 13, after the company＇s bond- holders accepted their arrangement to buy back HKD 1.1 billion （USD 142 million） of convertible bonds at 63% of the face value. However, this might not be the end of Neo-China＇s troubles. Gloomy market prospects, huge debts and little liquidity will further cloud the mainland property developer＇s future.展开更多
The annual national college entrance examination is one of the most important milestones for Chinese families. For students, enrollment in a good university can mean the beginning of a bright future; rural students ar...The annual national college entrance examination is one of the most important milestones for Chinese families. For students, enrollment in a good university can mean the beginning of a bright future; rural students are given the opportunity to obtain permanent residency in cities after college graduation; and top-performers are often recruited as public servants with the central government＇s ministerial organizations. However, failure in the exam can also cast a shadow over students＇ lives for years to come, and many students decide to try a second or even third time if their scores are not as good as expected.展开更多
If you were to look for the people with the worst reputation in China, you wouldn＇t have to look much further than Shanxi, where the coal mine owners who flaunt their wealth, while running the most dangerous work spa...If you were to look for the people with the worst reputation in China, you wouldn＇t have to look much further than Shanxi, where the coal mine owners who flaunt their wealth, while running the most dangerous work spaces in the world, have given rise to angry gossip all over the internet. The stories range from those of the teenage daughter of a coal boss living a life of excess in the US -- with spacious villas, trendy electronics, brand-new Benz SLKs and a comprehensive collection of Louis-Vuitton handbags -- to a mine owner who bought zo Hummer jeeps for cash, each costing around RMB 1.5 million （USD 185,000） at a limousine show in Beijing.展开更多
When it entered the Chinese market five years ago, American electric appliance retailer Best Buy seemed to move at a snail＇s pace compared to local competitors, opening just nine stores in the world＇s largest consum...When it entered the Chinese market five years ago, American electric appliance retailer Best Buy seemed to move at a snail＇s pace compared to local competitors, opening just nine stores in the world＇s largest consumer market. So both consumers and competitors were surprised on February 22 when the retailer told all its employees in China that the company was immediately closing all stores on the Chinese mainland, including the flagship store on Nanjing Road in Shanghai.展开更多
Why can＇t a huge country like China have their men＇s soccer team qualify to play in the World Cup？ Xie Yalong may be one of the few people who can answer that question.
Qiu Ziming, a 28-year-old business reporter for the Economic Observer （经济观察报）, received a frightening phone call on July 27 from a friend： ＂You have been placed on the national wanted list for criminals at la...Qiu Ziming, a 28-year-old business reporter for the Economic Observer （经济观察报）, received a frightening phone call on July 27 from a friend： ＂You have been placed on the national wanted list for criminals at large,＂ his friend told him. The short message was shocking. The arrest warrant accused Qiu of ＂damaging a company＇s business reputation,＂ and was issued by the public security bureau of Suichang County, Lishui City in the eastern Zhejiang Province.展开更多
The recent release from jail of China Aviation Oil chief executive Chen Jiulin raises questions about accountability at Chinese state-owned enterprises
During the 2008 Beijing Olympic Games, the city of Beijing banned smoking in many public areas such as taxis. But to appease the concerns of bar, restaurant and Internet cafe owners who feared that an outright ban wou...During the 2008 Beijing Olympic Games, the city of Beijing banned smoking in many public areas such as taxis. But to appease the concerns of bar, restaurant and Internet cafe owners who feared that an outright ban would have a negative impact on business, the rules for those establishments were relaxed somewhat so that patrons could continue to light up, so long as the venues offered separate smoking and non-smoking areas.展开更多
Surging property prices have become public enemy number one in China. Last year, the TV series Wo Ju （Snail House） drew nationwide attention for its criticism of the housing market, where prices have continued to ri...Surging property prices have become public enemy number one in China. Last year, the TV series Wo Ju （Snail House） drew nationwide attention for its criticism of the housing market, where prices have continued to rise higher. Everyone expects prices will crash, but no one knows when.展开更多
Jun Tang, a famous senior execntive in China, has faced a trust crisis since early July when he was accused of falsifying his academic credentials. After a week of silence, he began to speak out to defend himself.
文摘Liu Qingshang had no idea about the Federation of Saint Kitts and Nevis before he attended an emigrationpromotion meeting in Shanghai several months ago. It took him almost five minutes to find the island country in the Caribbean Sea on the world map. The owner of his own private business, he has personal wealth of around RMB 800 million （USD 120 million）, making him a target client for the thousands of emigration consulting companies in China.
文摘Li Ping, the newly appointed direc- tor of the Hefei City Investment and Financing Management Center, is under heavy pressure these days. Her facility is directly supervised by the city＇s government and one of its most important responsibilities is to obtain loans, guaranteed by the local government＇s credit, from local commercial financial institutions. Her center also compiles the yearly plan for land sales and land reserves, a major source of the local government＇s revenue for infrastructure construction. But it＇s run into some trouble.
文摘Before July, Stern Hu was barely known by most Chinese. A graduate from Tsinghua University, his job as chief representative at Australian miner Rio Tinto＇s Shanghai Office was one of the first senior positions held by a Chinese citizen at a foreign company, though he later switched citizenship to his employer＇s home country. Though most steel industry executives in China either know his name or know him personally, the Chinese public only first got to know him when he was arrested on suspicion of bribery and espionage.
文摘Aconflict between two Chinese ministries broke out in early November over the management of an online video game, leaving the game＇s operator facing a loss of millions of RMB a day and countless players blocked out of their game accounts.
文摘Hong-Kong listed Neo-China Land Group （中新地产集团） narrowly escaped immediate bankruptcy on May 13, after the company＇s bond- holders accepted their arrangement to buy back HKD 1.1 billion （USD 142 million） of convertible bonds at 63% of the face value. However, this might not be the end of Neo-China＇s troubles. Gloomy market prospects, huge debts and little liquidity will further cloud the mainland property developer＇s future.
文摘The annual national college entrance examination is one of the most important milestones for Chinese families. For students, enrollment in a good university can mean the beginning of a bright future; rural students are given the opportunity to obtain permanent residency in cities after college graduation; and top-performers are often recruited as public servants with the central government＇s ministerial organizations. However, failure in the exam can also cast a shadow over students＇ lives for years to come, and many students decide to try a second or even third time if their scores are not as good as expected.
文摘If you were to look for the people with the worst reputation in China, you wouldn＇t have to look much further than Shanxi, where the coal mine owners who flaunt their wealth, while running the most dangerous work spaces in the world, have given rise to angry gossip all over the internet. The stories range from those of the teenage daughter of a coal boss living a life of excess in the US -- with spacious villas, trendy electronics, brand-new Benz SLKs and a comprehensive collection of Louis-Vuitton handbags -- to a mine owner who bought zo Hummer jeeps for cash, each costing around RMB 1.5 million （USD 185,000） at a limousine show in Beijing.
文摘When it entered the Chinese market five years ago, American electric appliance retailer Best Buy seemed to move at a snail＇s pace compared to local competitors, opening just nine stores in the world＇s largest consumer market. So both consumers and competitors were surprised on February 22 when the retailer told all its employees in China that the company was immediately closing all stores on the Chinese mainland, including the flagship store on Nanjing Road in Shanghai.
文摘Why can＇t a huge country like China have their men＇s soccer team qualify to play in the World Cup？ Xie Yalong may be one of the few people who can answer that question.
文摘Qiu Ziming, a 28-year-old business reporter for the Economic Observer （经济观察报）, received a frightening phone call on July 27 from a friend： ＂You have been placed on the national wanted list for criminals at large,＂ his friend told him. The short message was shocking. The arrest warrant accused Qiu of ＂damaging a company＇s business reputation,＂ and was issued by the public security bureau of Suichang County, Lishui City in the eastern Zhejiang Province.
文摘The recent release from jail of China Aviation Oil chief executive Chen Jiulin raises questions about accountability at Chinese state-owned enterprises
文摘During the 2008 Beijing Olympic Games, the city of Beijing banned smoking in many public areas such as taxis. But to appease the concerns of bar, restaurant and Internet cafe owners who feared that an outright ban would have a negative impact on business, the rules for those establishments were relaxed somewhat so that patrons could continue to light up, so long as the venues offered separate smoking and non-smoking areas.
文摘Surging property prices have become public enemy number one in China. Last year, the TV series Wo Ju （Snail House） drew nationwide attention for its criticism of the housing market, where prices have continued to rise higher. Everyone expects prices will crash, but no one knows when.
文摘Jun Tang, a famous senior execntive in China, has faced a trust crisis since early July when he was accused of falsifying his academic credentials. After a week of silence, he began to speak out to defend himself.
